Nu Things, Inc

Subject:EconomicsPrice: Bought3

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Nu Things, Inc., is considering an investment in a business venture with the following anticipated cash flow results: EOY Cash Flow 0 -$100,000 1 $30,000 2 2 $29,000 3 $28.000 4 $27,000 5 $26.000 6 $25,000 7 $24,000 8 $23,000 9 $22.000 10 $21,000 11 $20,000 12 $19,000 13 $18,000 14 $17.000 15 $16.000 16 $15.000 17 $14,000 18 $13,000 19 $12,000 20 $11,000 Assume MARR is 20% per year. Based on an external rate of return analysis: Click here to access the TVM Factor Table Calculator Parta Determine the investment's worth. Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2.